from Harvey Organ:
EUROPEAN AND JAPANESE BANKERS ARE THREATENING MUTINY WITH NEW BASEL III AS THEY CANNOT COME UP WITH REQUIRED COLLATERAL/DEUTSCHE BANK CLOBBERED TODAY WITH NEW 16 BILLION FINE FROM THE USA FOR THE FRAUDULENT MORTGAGED BACKED SECURITIES/DB STOCK PLUMMETS AS WELL AS ITS BONDS/MEXICO PESO CRASHES TO ALMOST 20:1/
Gold $1307.80 down $7.20
Silver 18.80 down 16 cents
In the access market 5:15 pm
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 16 (10:15 pm est last night): $ not available/holiday
NY ACCESS PRICE: $n/a (AT THE EXACT SAME TIME)
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ not available/holiday
NY ACCESS PRICE: n/a (AT THE EXACT SAME TIME)
London Fix: Sept 16: 5:30 am est: $1314.25 (NY: same time: $1314.50: 5:30AM)
London Second fix Sept 16: 10 am est: $1309.00* (NY same time: $1309.00 , 10 AM)*after another beautifully orchestrated criminal raid today.
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
For comex gold:The front September contract month we had 11 notices filed for 1100 oz
For silver: the front month of September we have a total of 149 notices filed for 745,000 oz
Last night, in my commentary to you I wrote:
“Yesterday, you could have bet the farm that there is going to be a raid on gold and silver today due to the Chinese festival. They will be on holiday until Monday. With no physical to draw on, it was relatively easy for our crooks to supply 70 tonnes of gold in seconds to cause gold to falter down to 1308.00 before recovering.”
With the raid today, I guess I was correct.
Let us have a look at the data for today
In silver, the total open interest FELL by 992 contracts down to 192,474. The open interest fell as the silver price was down 2 cents in yesterday’s trading .In ounces, the OI is still represented by just LESS THAN 1 BILLION oz i.e. .962 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia &ex China). the crooks are doing a great job fleecing unsuspecting longs
In silver we had 149 notices served upon for 745,000 oz
In gold, the total comex gold fell by 3,204 contracts as the price of gold fell BY $8.00 yesterday . The total gold OI stands at 570,619 contracts. The level of OI now is good for us as it will support a rise in gold price.
With respect to our two criminal funds, the GLD and the SLV:
LAST NIGHT WE HAD NO changes out of the GLD/ TONNES FROM THE GLD/
Total gold inventory rest tonight at: 932.22 tonnes of gold
we had no changes with respect to inventory at the SLV
THE SLV Inventory rests at: 362.434 million oz
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in silver fell by 992 contracts down to 192,474 as the price of silver fell by 2 cents with yesterday’s trading.The gold open interest fell 3,204 contracts down to 570,619 as the price of gold fell $8.00 IN YESTERDAY’S TRADING.
2.a) The Shanghai and London gold fix report
2 b) Gold/silver trading overnight Europe, Goldcore
and in NY: Bloomberg
2c) COT report
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